My debt has been sold without my knowledge – and was paying the wrong person weekly for 3 years In 2016 i was in a car accident with no insurance. I was an adult, but still a teenager, broke and stupid – i managed to organize a weekly payment plan with their insurance agency who’d called me to collect on their payput – which, by the way, was significantly more than projected. While talking payment terms, we got it down to a weekly automati…

Pay off debt early or Emergency Fund? Hello, So, just been through my income and outgoings. I have £98 in disposable income per month. In October it’ll drop to £55 per month due to personal circumstances changing, or increase to £235 per month, if I pick up an extra shift per week behind the Bar (I’m a waiter by trade). This is without the support of a housemate or girlfriend, and…

Is it worth selling my car to reduce my debt ? Current car , KBV 16k , owe 5.8K at 165 a month 1.9% APR. 2018 hyundai Kona. Other debt payments, student loan 25k, 225 a month at 4.5% I would buy a used ford with 110k miles for 3.5k Current savings 30k retirement 10k cash for house fund some day Emergency fund 1000 Income 115k Age 27 I’m building my emergency fund and putting about 40% away …

I lost debt collection letter. Long story short, I owe T-Mobile $153 and some change from 2022 and it was sent to collection agency and I got the letter but lost it, I also forgot the name of the agency, and I checked my credit score and there’s no reports of the collection. What do I do? submitted by /u/delightfulmina

$29 Trillion: That’s How Much Debt Emerging Nations Are Facing A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.

Is there a way to keep my debt from going to my family when I die? I’m in my mid 20s, took out ~$20k of student loans, owe ~$12k on my car, probably ~$10k on credit cards, and owe ~$40k for an overpayment from unemployment (got approved, paid, year later they said I didn’t actually qualify and told me I need to pay it back) I got into this most of this debt from quitting work and perusing med school, which I th…

Utility debt, advice please Throw away because I am ashamed. A bit of a long story short(er) I live with my partner, T, and our dog . Previously, T had moved from his home to care for his mother as she battled pancreatic cancer. Sadly, she lost her battle, and the house and its upkeep fell upon T. Upon my graduation from college last year, I moved in with T and together we…

Got a unknown debt posted against me on FCR collections. I recently got an unknown debt of 1800$ posted against me on FCR collections. I am not a US citizen and was just a visitor there for a few weeks. I have few questions: Do FCR accept debt without any proof? In the mail, I have the option to dispute the debt. Should I bother with that? I said above because as I mentioned I am not a US citizen o…

27. Extreme debt. Feeling scared. Need some help. I’m 27. I make $84k per year. I am about to start living out of my car in Los Angeles. I am subletting a room right now that I can’t afford to stay in for another month. I don’t have enough cash to put down a security deposit + first month’s rent. My parents are across the country and can’t help at all, in any way. Here’s the breakdown of debt …

Significant debt; struggling to afford life let alone debt repayment I (35M) and my spouse (34F) are hoping for a blueprint to a better future. For some context, as unbelievable (and lengthy) as a lot of this will sound: We both work retail, same employer. Have been for about seven years. We live in a small town in central PA with very little opportunity. Living here is like living in a black hole. We married ea…

Turning 30 trying to live debt free. What are our next steps? My wife (28F) and I (30m) have roughly 31k sitting in our checking account .01% APR. We have about 25k in auto loan ($569 a month 7% interest), 3k in credit card debt (0% interest until 2025), 52k in stocks and investments. We are leaning heavily to throwing 25k to pay off the auto loan but are unsure if that is the best next move and if so what…

Pay off debt or save for car? We have about 6k saved towards a car. We have about 3500 in small debts ie credit card, personal loan. Should I take 1k from my check today and 2500 from our car savings and knock off that debt? My thought process is that without the debt we can save more/quicker towards the car. Goal for vehicle is 10-12k by the end of August. submitted by…

Am I responsible for elderly mother’s debt? This is a bit of a read and I apologize in advance for it. I’m in Illinois. My mom moved in with us when she got cancer, living with us rent free for 6 years, but always had credit card bills from when she had her house (a reverse mortgage she took out in 2008– she owed more than it was worth–it needed a roof and other major work, so she let t…

36 y/o renter w/ 401k, 70k in savings, great credit, no debt but newly limited salary due to career change. Purchase property, invest elsewhere or take on debt to speed up career path? I’m posting here for financial thoughts from folks more knowledgeable than myself. I acknowledge *part* of this is career guidance but it’s a really a mix of personal finance, potential debt, real estate, career growth, etc. *TLDR at the bottom.\* I’m a 36 y/o single male with no children and no debt, and a 790 or so credit score. I have about 7…

Why You Shouldn’t Obsess About the National Debt It’s a political problem, not an economic crisis.

Difficult employment situation + large debt – can/should I take out a loan? TLDR: unemployed and not imminently employable, $13K CC debt + $6K tax bill, can/should I take out a loan? I’m unemployed and have chronic health issues so have been out of the job market for 3.5 years while acutely sick and pursuing a disability case thru several appeals (which ultimately was rejected). I’ve been pounding the pavement trying to…

Large insurance settlement- pay off debt or invest? We are coming into about $30k, and I’m not sure which order to use the money. We have a large amount of credit card debt that is in a 0% APR credit card until June 2025. I’m getting different advice – should we put the money into a high yield savings account and pay off the credit card after the 0% APR expires or is it better to just wipe all th…

Built Emergency Fund or empty it to pay debt? I (22M) recently graduated college and am extremely lucky to have only accrued a small amount of debt of about 4000 dollars (50% loans, 50% consumer debt) I have been working on building an emergency fund in a HYSA, but I’ve been thinking of emptying what I have in order to just fully pay off my credit card debt that I gathered at the beginning …

Advice Requested on Wether to Pay Off Expesive Debt with Intention of Saving Solely for a Home. Hello, first time posting here. I live in California. I have a 2023 F150 Raptor with a 7.5 interest rate. I pay 1600 a month on it. 84k left to pay. 51 months remaining. I have 60k in my bank. 50k in my 403b. I make 170k a year as a nurse. 770 credit score. Live with parents. I’m 27. No other loans or expenses or debt. My plan has been to jump o…

Need help wiping my CC debt Hello everyone, as title states, I’ve accumulated about $7800 in CC debt from 3 cards. What’s happening is that I pay my balance in full (I have some items that are being maid in monthly installments instead of in full) so there is currently no interest on these balances. And then I have no money left over and have to use the cards again. I’m aw…